More than 200 African digital companies and startups will participate in the second edition of the Digital African Summit, from October 10 to 12, in Algiers @Digital African Summit-DR
Like the first edition, this year's summit will bring together passionate entrepreneurs, visionary investors, technology experts and key decision-makers to discuss the latest trends in digital transformation in Africa. More than 200 African digital companies and start-ups are expected there. Participation from the African digital ecosystem to discuss the latest trends in digital transformation in Africa.
One of the highlights of the Digital African Summit, the startup pitch competition. Entrepreneurs will have the opportunity to present their innovative ideas to venture capitalists, with funding opportunities at stake. A unique opportunity for African startups to gain visibility and find partners and investors to support their growth.
The show will also be a privileged place to discover the latest trends, new products and innovations in different fields. Exhibitors from various backgrounds will be present to present their products, services and fintech solutions, e-commerce, cybersecurity, cloud computing solutions, connected objects or virtual and augmented reality...
Finally, the Digital African Summit offers a series of conferences, thematic workshops and workshops to broaden your knowledge, get inspired and connect with best practices in the industry.
Digital Algeria
The event also aims to promote the Algerian digital ecosystem and position the country as an African locomotive in the sector@Digital African Summit-DR
This major event undoubtedly constitutes a showcase for the Algerian digital ecosystem which has become, in recent years, one of the African references in terms of digital penetration. With an internet penetration rate that exceeds 70%, accompanied by a speed that is constantly improving from year to year. Mobile teledensity is more than 107%, Algeria is ranked in the top 30 in the world as having the lowest mobile Internet consumption cost in Africa with a rate of $0.48 USD per GB. Elsewhere, online payment has literally exploded with a number of transactions increasing by 95% in 2022. Its turnover has jumped to more than 16 billion DA, an increase of 3,200% compared to that of before the Covid pandemic.
A dynamic ecosystem
In a dynamic of digital transformation, Algeria appears with several advantages. In addition to a well-developed infrastructure, with a wide range of quality telecom services and internet connectivity, the country is an attractive market with more than 46 million inhabitants, in addition to a skilled workforce, with many trained and experienced professionals in the fields of IT, telecommunications and digital technologies. To support this dynamic, the country is working to establish a legal framework, through the adoption of the Startup Act in particular, the creation of an investment fund of 10 million euros intended to support, near of 3,000 startups identified nationally, as well as an investment fund of 1.2 billion Algerian dinars (€10 million) intended to finance innovative companies.
“Africa has a great need for Algerian technology in terms of digitalization”
The actors do not hide it, Algeria must be the locomotive of African digital integration. During the 2022 edition of the Digital African Summit, the Minister of Digitization and Statistics, Hocine Cherhabil, already insisted on the need for African countries to strengthen integration in the digital field and Algeria was already willing to play this role of locomotive.
“It is important to continue the African integration process, particularly through the entry into force of the AfCFTA. These include the trans-Saharan fiber optic backbone project linking Algeria to Nigeria, which will contribute to the development of digitalization on the continent,” the minister indicated.
In this sense, Egypt and Algeria have decided to install two new submarine cables which will strengthen connectivity between Egypt and Algeria, with operation planned from 2025. These submarine cables will allow both countries to access a high-speed network in an optimal manner, with the prospect of four direct cable connections. In the same vein, a fiber optic link program between Algeria and Nigeria is very advanced.
